19th Sep 2013 12:15
New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas
19 September 2013
New World Oil and Gas Plc ('New World' or 'the Company')
Issue of Equity
New World Oil and Gas Plc, the oil and gas operating, exploration and development company focused on Belize and Denmark announces that it has today issued 5,462,244 new ordinary shares ("the Shares") in settlement of adviser fees. Application has been made for the Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM on 25 September 2013.
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For further information please visit www.nwoilgas.com or contact:
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Notes
New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.
Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing.
Related Shares:
New World Oil And Gas